Custom indices let you build your own benchmark from a selection of assets you choose. Instead of comparing against a market-wide index, you can create a benchmark that reflects a specific peer group, geography, or set of assets you're interested in.
Custom indices are available for markets where Modo Energy tracks asset-specific revenues — you'll see the available regions when you start creating one.
When to use custom indices
Create a custom index when you want to:
Track only assets in a specific area or with specific characteristics
Benchmark against a peer group you define
Monitor a set of assets you're evaluating for investment
Starting a new custom index
You can start creating a custom index in two ways:
Click the + icon next to Indices & Benchmarks in the sidebar
Go to the all indices and benchmarks page and click the New button
Step 1: Choose a region
Select which market your custom index should cover. The available options are shown in the region selector.
Click Next to continue.
Step 2: Select assets
Choose which assets to include in your index. You need at least two assets.
Use the search bar to find assets by name
Use Filters to narrow by characteristics like location, duration, or owner
Check the box next to each asset you want to include
Selected assets appear in a preview panel. Click Next when you’re done.
Step 3: Name and share
Give your index a name and choose who can see it:
Personal — Only you can see this index
Company — Everyone on your account can see this index
Click Create new index to finish.
Finding your custom indices
Your custom indices appear in the all indices and benchmarks table. To find them quickly, filter by Created by and select your name or “My indices.”